Southwestern Vermont Medical Center Inc
Southwestern Vermont Medical Center: Strong Financials, Consistent Growth
EIN: 222563241 · Bennington, VT · NTEE: E220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $228.8M |
| Total Expenses | $204.2M |
| Program Spending | 90% |
| Net Assets | $44.6M |
| Transparency Score | 85/100 |
Is Southwestern Vermont Medical Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southwestern Vermont Medical Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southwestern Vermont Medical Center Inc
Southwestern Vermont Medical Center Inc (EIN: 222563241) is a nonprofit organization based in Bennington, VT, classified under NTEE code E220. The organization reported total revenue of $228.8M and total assets of $135.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwestern Vermont Medical Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southwestern Vermont Medical Center Inc is a major nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197.6M |
| Total Expenses | $204.2M |
| Surplus / Deficit | $-6,560,528 |
| Total Assets | $125.6M |
| Total Liabilities | $81.1M |
| Net Assets | $44.6M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 64.5% |
| Months of Reserves | 7.4 months |
Financial Health Grade: C
In 2023, Southwestern Vermont Medical Center Inc reported a deficit of $6.6M with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 64.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southwestern Vermont Medical Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | +4.3% | +1.2% |
| 2022 | +2.7% | +8.1% | +25.2% |
| 2021 | +9.5% | +7.7% | +2.3% |
| 2020 | +1.2% | +1.5% | +13.1% |
| 2019 | -0.4% | +0.9% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southwestern Vermont Medical Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Southwestern Vermont Medical Center Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.5%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided summary data, requiring a deeper dive into the full Form 990 filings to assess reasonableness.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Southwestern Vermont Medical Center Inc:
- Consistent revenue growth from $160M in 2016 to $228M in 2023.
- Healthy asset growth from $81M in 2016 to $134M in 2023.
- Positive net assets (assets exceed liabilities) across all reported years.
- Strong financial stability with increasing reserves.
Frequently Asked Questions about Southwestern Vermont Medical Center Inc
Is Southwestern Vermont Medical Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southwestern Vermont Medical Center Inc (EIN: 222563241) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Southwestern Vermont Medical Center Inc spend its money?
Southwestern Vermont Medical Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southwestern Vermont Medical Center Inc tax-deductible?
Southwestern Vermont Medical Center Inc is registered as a tax-exempt nonprofit (EIN: 222563241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Southwestern Vermont Medical Center Inc's spending goes to programs?
Southwestern Vermont Medical Center Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southwestern Vermont Medical Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Southwestern Vermont Medical Center Inc is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southwestern Vermont Medical Center Inc located?
Southwestern Vermont Medical Center Inc is headquartered in Bennington, Vermont and files with the IRS under EIN 222563241. It is classified under NTEE code E220.
How many years of IRS 990 filings does Southwestern Vermont Medical Center Inc have?
Southwestern Vermont Medical Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $228.8M in total revenue.
What does Southwestern Vermont Medical Center Inc do?
Southwestern Vermont Medical Center Inc is a nonprofit organization in the Health Care sector, located in Bennington, Vermont. It is classified under NTEE code E220.
How much revenue does Southwestern Vermont Medical Center Inc have?
Southwestern Vermont Medical Center Inc reported total revenue of $228,782,106. Based on 13 IRS 990 filings on record.
What are Southwestern Vermont Medical Center Inc's total assets?
Southwestern Vermont Medical Center Inc holds total assets of $134,963,149 as reported in IRS 990 filings.
Where is Southwestern Vermont Medical Center Inc located?
Southwestern Vermont Medical Center Inc is based in Bennington, Vermont.
What is Southwestern Vermont Medical Center Inc's EIN?
Southwestern Vermont Medical Center Inc's Employer Identification Number (EIN) is 222563241. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Southwestern Vermont Medical Center Inc?
Southwestern Vermont Medical Center Inc is classified under NTEE code E220 (Health Care).
Is Southwestern Vermont Medical Center Inc a registered 501(c)(3)?
Yes, Southwestern Vermont Medical Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 222563241.
Does Southwestern Vermont Medical Center Inc file IRS Form 990?
Yes, Southwestern Vermont Medical Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Southwestern Vermont Medical Center Inc's revenue in 2023?
In the 202309 filing period, Southwestern Vermont Medical Center Inc reported total revenue of $197,634,599, total expenses of $204,195,127, and net assets of $125,642,375.
Is Southwestern Vermont Medical Center Inc's revenue growing or declining?
Southwestern Vermont Medical Center Inc's revenue is relatively stable. Revenue went from $196,284,227 (202209) to $197,634,599 (202309), a +0.7% change. Based on 13 filings on record.
What is Southwestern Vermont Medical Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Southwestern Vermont Medical Center Inc covers tax period 202309. It shows revenue of $197,634,599, expenses of $204,195,127, total assets of $125,642,375, and liabilities of $81,055,804.
How much does Southwestern Vermont Medical Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Southwestern Vermont Medical Center Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Southwestern Vermont Medical Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Southwestern Vermont Medical Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Southwestern Vermont Medical Center Inc's strengths?
Positive indicators for Southwestern Vermont Medical Center Inc include: Consistent revenue growth from $160M in 2016 to $228M in 2023.. Healthy asset growth from $81M in 2016 to $134M in 2023.. Positive net assets (assets exceed liabilities) across all reported years.. Strong financial stability with increasing reserves.. These findings are derived from AI analysis of the organization's financial filings.
How does Southwestern Vermont Medical Center Inc compensate executives?
Executive compensation is not explicitly detailed in the provided summary data, requiring a deeper dive into the full Form 990 filings to assess reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the consistent 'c0%' in the filings for 'compensation' or 'lobbying' impact the overall assessment of the organization's operational focus and transparency?
The 'c0%' likely refers to lobbying expenses, indicating that the organization does not engage in direct lobbying activities. This suggests a primary focus on its core mission of providing medical services rather than influencing policy, which can be viewed positively for transparency and direct program impact.
Given the consistent growth in revenue and assets, what strategies might Southwestern Vermont Medical Center be employing to achieve such sustained financial health in the healthcare sector?
The sustained financial health, with revenue growing from $160M to $228M and assets from $81M to $134M, suggests effective management, potentially including strategic investments in facilities or technology, strong patient acquisition and retention, efficient cost management, and successful adaptation to healthcare market changes.
Filing History
IRS 990 filing history for Southwestern Vermont Medical Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southwestern Vermont Medical Center Inc's revenue has grown by 41.8%, moving from $139.3M to $197.6M. Total assets increased by 107.5% over the same period, from $60.6M to $125.6M. Total functional expenses rose by 57.6%, from $129.6M to $204.2M. In its most recent filing year (2023), Southwestern Vermont Medical Center Inc reported a deficit of $6.6M, with expenses exceeding revenue. The organization holds $81.1M in liabilities against $125.6M in assets (debt-to-asset ratio: 64.5%), resulting in net assets of $44.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197.6M | $204.2M | $125.6M | $81.1M | — | — |
| 2022 | $196.3M | $195.8M | $124.2M | $78.2M | — | — |
| 2021 | $191.1M | $181.1M | $99.2M | $60.8M | — | View 990 |
| 2020 | $174.5M | $168.2M | $96.9M | $67.0M | — | — |
| 2019 | $172.4M | $165.8M | $85.7M | $49.8M | — | View 990 |
| 2018 | $173.2M | $164.3M | $81.0M | $42.1M | — | View 990 |
| 2017 | $163.1M | $156.4M | $83.2M | $51.6M | — | View 990 |
| 2016 | $160.1M | $154.0M | $81.2M | $63.0M | — | View 990 |
| 2015 | $151.4M | $145.4M | $74.9M | $59.5M | — | View 990 |
| 2014 | $150.0M | $143.2M | $67.2M | $42.3M | — | View 990 |
| 2013 | $150.3M | $144.8M | $64.2M | $40.9M | — | View 990 |
| 2012 | $146.4M | $141.4M | $57.9M | $49.3M | — | View 990 |
| 2011 | $139.3M | $129.6M | $60.6M | $41.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197.6M, expenses of $204.2M, and assets of $125.6M (revenue +0.7% year-over-year).
- 2022: Revenue of $196.3M, expenses of $195.8M, and assets of $124.2M (revenue +2.7% year-over-year).
- 2021: Revenue of $191.1M, expenses of $181.1M, and assets of $99.2M (revenue +9.5% year-over-year).
- 2020: Revenue of $174.5M, expenses of $168.2M, and assets of $96.9M (revenue +1.2% year-over-year).
- 2019: Revenue of $172.4M, expenses of $165.8M, and assets of $85.7M (revenue -0.4% year-over-year).
- 2018: Revenue of $173.2M, expenses of $164.3M, and assets of $81.0M (revenue +6.2% year-over-year).
- 2017: Revenue of $163.1M, expenses of $156.4M, and assets of $83.2M (revenue +1.9% year-over-year).
- 2016: Revenue of $160.1M, expenses of $154.0M, and assets of $81.2M (revenue +5.8% year-over-year).
- 2015: Revenue of $151.4M, expenses of $145.4M, and assets of $74.9M (revenue +1.0% year-over-year).
- 2014: Revenue of $150.0M, expenses of $143.2M, and assets of $67.2M (revenue -0.2% year-over-year).
- 2013: Revenue of $150.3M, expenses of $144.8M, and assets of $64.2M (revenue +2.7% year-over-year).
- 2012: Revenue of $146.4M, expenses of $141.4M, and assets of $57.9M (revenue +5.0% year-over-year).
- 2011: Revenue of $139.3M, expenses of $129.6M, and assets of $60.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southwestern Vermont Medical Center Inc:
Data Sources and Methodology
This transparency report for Southwestern Vermont Medical Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.